MARYLAND HEIGHTS, Mo. and BETHESDA, Md. — SunEdison and TerraForm Global have entered into an agreement for SunEdison to sell TerraForm Global a series of projects located in India for the aggregate equity consideration of $231M subject to purchase price adjustments in favor of both SunEdison and TerraForm Global.

These projects will replace a portion of the projects and the associated CAFD that were part of TerraForm Global’s initial portfolio, which have subsequently been terminated acquisitions.

The projects will generate 425 megawatts of capacity in aggregate. A portion of the purchase price was paid on November 20 and the remainder of the purchase price will be payable on or before December 7, 2016, unless otherwise agreed. SunEdison utilized a portion of the proceeds from the sale to partially pay down its margin loan.

“This transaction provides higher yields replacing lower-yielding IPO projects that were intended to be acquired through M&A and is consistent with our strategy to focus on organic growth provided by our sponsor,” said Brian Wuebbels, Chief Executive Officer of TerraForm Global. “We are pleased to be able to add these accretive assets with 20 year contracted cash flows to TerraForm Global’s portfolio and believe they are critical to achieving our 2016 dividend guidance.”

“This agreement is a win-win for both SunEdison and TerraForm Global shareholders,” commented Ahmad Chatila, President and Chief Executive Officer of SunEdison. “This transaction provides accretive DPS to TerraForm Global shareholders.”

About SunEdison
SunEdison is the largest global renewable energy development company and is transforming the way energy is generated, distributed, and owned around the world. The company develops, finances, installs, owns and operates renewable power plants, delivering predictably priced electricity to its residential, commercial, government and utility customers. SunEdison is one of the world’s largest renewable energy asset managers and provides customers with asset management, operations and maintenance, monitoring and reporting services.

About TerraForm Global
TerraForm Global is a globally diversified owner of clean power generation assets including solar, wind, and hydro projects in attractive, high-growth emerging markets.

Derick Lila
Derick is a Clark University graduate—and Fulbright alumni with a Master's Degree in Environmental Science, and Policy. He has 8+ years of solar industry research, marketing, and content strategy experience.

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